Entrepreneurs and musicians, Nicholas George and Kevin MaC pitched their guitar pick company during
If you’re short on time, here’s a quick overview of what happened to TIK PIK after
Nicholas George and Kevin MaC appeared on
|Mark Cuban||Accepted deal for $75,000 for 16% equity|
|Robert Herjavec||No offer|
|Kevin O’Leary||No offer|
|Lori Greiner||No offer|
|Daymond John||No offer|
Shark Tank TIK PIK Update
- Entrepreneurs: Nicholas George and Kevin MaC
- Business: Guitar picks that stick to the guitar
- Ask: $75,000 for 10% equity
- Result: $75,000 for 16% equity
- Shark: Mark Cuban
Founders of TIK PIK, Nicholas George and Kevin MaC, started their pitch with a song about their guitar picks that stick to guitars. Then, Kevin O’Leary, joined them for a jam session on an electric guitar.
Like magic, TIK PIK sticks to your guitar without using any chemicals, adhesives or leaving behind residue. The unique design also provides a non-slip grip, making it easier to hold while playing.
Kevin noted that the pick has an unusual silicone grip to it, and Kevin M. spoke to that, saying he makes a good living as a professional musician, and having the grip makes all the difference while playing.
Further, the grip never loses its ‘stickiness’, and if it gets dirty, you just wash it off and keep using it. Along with the grip, it sticks right to the guitar, so they’re hard to lose compared to other picks.
Daymond John asks Kevin M. what his background is, and he replies that he’s got a crazy story. He originally started in Virginia Beach, where he worked with a lot of hip-hop artists, including Timberland and Missy Elliot.
He was then discovered by a big producer who asked him to move to Nashville and gave him a deal. Through that producer, he met Nicholas.
Nicholas chimes in, sharing that he was raised in the Cayman Islands, and is the son of a popular musician there, known as ‘The Barefoot Man’. At this point, Mark Cuban is blown away, because his wife loves Nicholas’s dad.
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Though he’s the son of a well-known musician, he happens to be a talented songwriter, who just finished writing an album with his daughter.
Kevin M. then shares that there are five total owners of their company. The business started when one of the owners was searching for the best grip for the picks. He came across a nano-suction material that blew his mind, but Kevin M. and Nicholas were more impressed with the fact that it stuck right to the guitar.
Robert Herjavec agrees that it’s a better product, but he wants to know about sales.
Since October of the prior year, around 8 months time, they have a total of $60,000 in lifetime sales. A pack of 6 TIK PIKS retails for $29.95 and costs $2.44 landed to make.
They’re projecting to finish the year with $120,000 in sales, and expect to have only about $20,000 in profit. The picks are sold primarily on their website, along with Amazon, and six music shops that carry the product.
Additionally, they wholesale the product to retailers for $15. Further, they’re estimating that 15% of their sales will come from wholesale buyers, and the rest from direct to consumer.
Some of the sharks are concerned about the price of the product, but Kevin M. says many people love the product, specifically students who are just learning to play the guitar. This is because losing picks is easy, and their product gets rid of that issue and is easy to use.
Mark wants to know if they’ve reached out to Guitar Center, and the guys say they have. However, the big box stores tell them that when they get the demand, they will call them about ordering.
Lori Greiner says she loves the name, but before she can continue, Mark cuts her off with an offer. He wants to be their sixth partner and offers $75,000 for 16% equity.
Nicholas thanks Mark for his offer and asks if anyone else has an offer for them. At this point, Mark starts counting down from five, implying that they better accept his deal fast, which they do.
With that, the guys leave with a deal for TIK PIK. Keep reading our TIK PIK update to find out what happened following
In terms of a TIK PIK update, the company received a nice boost in sales after airing on
The TIK PIK website has many good reviews from professional musicians, and their social media has a nice following of happy fans too.
The guitar picks are available mainly available online right now, but we’re betting they’ll be available in most music stores soon enough!
Once the dust settles, we will follow up with another TIK PIK update to find out what’s happened since
In the meantime, check out our other company updates from Season 15 Episode 6:
For even more on companies and products, be sure to stop by our Season 15 Products Page!
Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!